Public Sector Pension Investment Board Purchases 5,974 Shares of World Acceptance Corporation $WRLD

Key Points

• The Public Sector Pension Investment Board increased its holdings in World Acceptance Corporation by 74.7%, now owning approximately 0.24% of the company, valued at $1.77 million.
• Insider Daniel Clinton Dyer sold 4,704 shares of World Acceptance stock, leading to a 9.92% decrease in his ownership, while company insiders currently own 41.60% of the stock.
• World Acceptance's stock recently opened at $163.52, and the company reported an earnings miss of $0.25 EPS against analysts' expectations of $2.44.

Public Sector Pension Investment Board boosted its holdings in shares of World Acceptance Corporation (NASDAQ:WRLD - Free Report) by 74.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,971 shares of the credit services provider's stock after purchasing an additional 5,974 shares during the period. Public Sector Pension Investment Board owned about 0.24% of World Acceptance worth $1,768,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WRLD. Wells Fargo & Company MN lifted its stake in World Acceptance by 48.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider's stock worth $185,000 after purchasing an additional 539 shares during the period. Renaissance Technologies LLC increased its holdings in shares of World Acceptance by 5.3% during the fourth quarter. Renaissance Technologies LLC now owns 34,400 shares of the credit services provider's stock worth $3,868,000 after buying an additional 1,734 shares in the last quarter. Barclays PLC increased its holdings in shares of World Acceptance by 7.3% during the fourth quarter. Barclays PLC now owns 8,218 shares of the credit services provider's stock worth $924,000 after buying an additional 561 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of World Acceptance during the fourth quarter worth approximately $302,000. Finally, Marshall Wace LLP increased its holdings in shares of World Acceptance by 122.3% during the fourth quarter. Marshall Wace LLP now owns 10,871 shares of the credit services provider's stock worth $1,222,000 after buying an additional 5,980 shares in the last quarter. Institutional investors own 83.63% of the company's stock.

World Acceptance Trading Up 2.1%

WRLD traded up $3.60 during trading on Tuesday, reaching $174.06. 49,997 shares of the company's stock were exchanged, compared to its average volume of 47,290. The company's fifty day moving average price is $165.36 and its 200-day moving average price is $146.47. The company has a debt-to-equity ratio of 1.10, a quick ratio of 17.83 and a current ratio of 17.83. World Acceptance Corporation has a fifty-two week low of $104.99 and a fifty-two week high of $177.25. The firm has a market capitalization of $948.63 million, a PE ratio of 11.74 and a beta of 1.33.

World Acceptance (NASDAQ:WRLD - Get Free Report) last released its earnings results on Thursday, July 24th. The credit services provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $2.44 by ($2.19). World Acceptance had a return on equity of 18.95% and a net margin of 14.29%.The business had revenue of $132.45 million for the quarter, compared to analyst estimates of $122.38 million. As a group, equities analysts forecast that World Acceptance Corporation will post 14 EPS for the current year.

Insiders Place Their Bets

In other World Acceptance news, Director Darrell E. Whitaker sold 2,500 shares of World Acceptance stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $155.73, for a total transaction of $389,325.00. Following the completion of the sale, the director owned 5,074 shares of the company's stock, valued at approximately $790,174.02. The trade was a 33.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Clinton Dyer sold 4,704 shares of World Acceptance stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $159.50, for a total transaction of $750,288.00. Following the sale, the insider directly owned 42,714 shares of the company's stock, valued at $6,812,883. This represents a 9.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,656 shares of company stock valued at $1,211,983. Company insiders own 41.60% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of World Acceptance from a "strong-buy" rating to a "hold" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $10.00.

World Acceptance Profile

World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.